GEORGIA SYSTEM OPERATIONS CORPORATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GEORGIA SYSTEM OPERATIONS CORPORATION (EIN 58-2231207)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-08-14
- IRS object ID
- 202432279349301138
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-14T13:19:06-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 581094351 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX ONE | AddressLine1Txt |
| City | MACON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 312020001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 582231207 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA SYSTEM OPERATIONS | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GEOR | BusinessNameControlTxt |
| Phone | 7702707600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 EAST EXCHANGE PLACE | AddressLine1Txt |
| City | TUCKER | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30084 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN G SWEENEY JR | PersonNm |
| Person Title | EXECUTIVE VP | PersonTitleTxt |
| Phone | 7702707600 | PhoneNum |
| Signature | 2024-06-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM R ROUNTREE | PreparerPersonNm |
| PTIN | P01231836 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2024-08-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GSOC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN G SWEENEY JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 EAST EXCHANGE PLACE | AddressLine1Txt |
| City | TUCKER | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30084 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $92,308,341 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GASOC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1997 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | GEORGIA SYSTEM OPERATIONS CORPORATION (GSOC) PROVIDES 24-HOUR ELECTRIC SYSTEM OPERATION SERVICES, ON A NOT FOR PROFIT BASIS, TO ENERGY MARKET PARTICIPANTS IN GEORGIA AND THE SOUTHEASTERN UNITED STATES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 307 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $85,626,205 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $92,047,174 | CYProgramServiceRevenueAmt |
| PY Investment Income | $14,591 | PYInvestmentIncomeAmt |
| CY Investment Income | $261,167 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $85,640,796 | PYTotalRevenueAmt |
| CY Total Revenue | $92,308,341 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $51,700,786 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $57,635,912 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $33,940,010 | PYOtherExpensesAmt |
| CY Other Expenses | $34,672,429 | CYOtherExpensesAmt |
| PY Total Expenses | $85,640,796 | PYTotalExpensesAmt |
| CY Total Expenses | $92,308,341 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $34,037,151 | TotalAssetsBOYAmt |
| Total Assets EOY | $37,044,409 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $33,795,131 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $36,802,389 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $242,020 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $242,020 | NetAssetsOrFundBalancesEOYAmt |
| Mission | GEORGIA SYSTEM OPERATIONS CORPORATION (GSOC) PROVIDES 24-HOUR ELECTRIC SYSTEM OPERATION SERVICES, ON A NOT FOR PROFIT BASIS, TO ENERGY MARKET PARTICIPANTS IN GEORGIA AND THE SOUTHEASTERN UNITED STATES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $92,308,341 | ExpenseAmt |
| Revenue | $92,047,159 | RevenueAmt |
| Desc | GEORGIA SYSTEM OPERATIONS CORPORATION ENSURES RELIABLE, INDEPENDENT SYSTEM OPERATIONS BY CONTROLLING AND MONITORING ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION ASSETS OWNED BY ITS MEMBERS AND THEIR POWER SUPPLY PARTNERS. | Desc |
| Total Program Service Expenses | $92,308,341 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 90 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 307 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFREY L HAYS | PersonNm |
| Phone | 7702707600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 EAST EXCHANGE PLACE | AddressLine1Txt |
| City | TUCKER | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30084 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| GREGORY S FORD | |||||||
| PRESIDENT & | 40.00 | Yes (X) | $802,116 | $0 | $149,597 | ||
| JEFF THOMPSON | |||||||
| VICE PRESIDE | 40.00 | Yes (X) | $468,595 | $0 | $118,443 | ||
| NATHAN BROWN | |||||||
| EXECUTIVE VP | 40.00 | Yes (X) | $463,675 | $0 | $78,390 | ||
| JOHN G SWEENEY JR | |||||||
| EXECUTIVE VP | 40.00 | Yes (X) | $454,527 | $0 | $78,965 | ||
| ALAN SIOBERG | |||||||
| VICE PRESIDE | 40.00 | Yes (X) | $357,563 | $0 | $85,766 | ||
| HOMER GENTRY | |||||||
| VICE PRESIDE | 40.00 | Yes (X) | $375,894 | $0 | $65,469 | ||
| RUSSELL TURNER | |||||||
| VICE PRESIDE | 40.00 | Yes (X) | $353,750 | $0 | $78,817 | ||
| DAVID REVILL | |||||||
| VICE PRESIDE | 40.00 | Yes (X) | $364,738 | $0 | $60,170 | ||
| LAURA COAKLEY | |||||||
| CONTROLLER | 40.00 | $294,712 | $0 | $73,445 | Yes (X) | ||
| ROSEMARIE CAMPBELL | |||||||
| DIRECTOR-HUM | 40.00 | $248,645 | $0 | $83,943 | Yes (X) | ||
| MATTHEW GIBBONS | |||||||
| DIRECTOR-AUD | 40.00 | $249,719 | $0 | $79,148 | Yes (X) | ||
| GARY JENKINS | |||||||
| VICE PRESIDE | 40.00 | Yes (X) | $243,795 | $0 | $77,615 | ||
| MICHAEL MONTGOMERY | |||||||
| DIRECTOR-ENE | 40.00 | $243,353 | $0 | $58,178 | Yes (X) | ||
| RALEIGH NOBLES | |||||||
| SENIOR VP | 40.00 | Yes (X) | $243,854 | $0 | $56,761 | ||
| ANTHONY NORTON | |||||||
| DIR., CHAIRM | 3.84 | Yes (X) | $32,882 | $0 | $0 | Yes (X) | |
| LOU OBERSKI | |||||||
| DIRECTOR | 3.20 | $28,130 | $0 | $0 | Yes (X) | ||
| HARRY PARK | |||||||
| DIR., SEC/TR | 2.20 | Yes (X) | $21,770 | $0 | $0 | Yes (X) | |
| MIKE MCDONALD | |||||||
| DIRECTOR | 2.16 | $21,260 | $0 | $0 | Yes (X) | ||
| JERRY BOATWRIGHT | |||||||
| DIRECTOR | 3.17 | $19,110 | $0 | $0 | Yes (X) | ||
| NEAL SHEPARD | |||||||
| DIR, VICE CH | 1.91 | Yes (X) | $19,030 | $0 | $0 | Yes (X) | |
| DONNIE CORDELL | |||||||
| DIRECTOR | 2.96 | $18,980 | $0 | $0 | Yes (X) | ||
| MICHAEL GOODROE | |||||||
| DIRECTOR | 5.94 | $15,860 | $0 | $0 | Yes (X) | ||
| SIMMIE KING | |||||||
| DIRECTOR | 2.63 | $15,470 | $0 | $0 | Yes (X) | ||
| CHIP JAKINS | |||||||
| DIRECTOR | 1.86 | $14,170 | $0 | $0 | Yes (X) | ||
| WAYNE LIVINGSTON | |||||||
| DIRECTOR | 3.16 | $11,570 | $0 | $0 | Yes (X) | ||
| NEAL TRICE | |||||||
| DIRECTOR | 1.20 | $10,660 | $0 | $0 | Yes (X) | ||
| JIM GOODRICH | |||||||
| DIRECTOR | 0.53 | $8,500 | $0 | $0 | Yes (X) | ||
| GREG PROCTOR | |||||||
| DIRECTOR | 0.72 | $2,600 | $0 | $0 | Yes (X) | ||
| LEWIS SHEFFIELD | |||||||
| DIRECTOR | 5.12 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,404,928 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $1,144,707 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 218 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| EVERSHEDS SUTHERLAND US LLP | ||||||
| 999 PEACHTREE STREET NE | SUITE 2300 | ATLANTA | GA | 30309 | LEGAL | $322,289 |
| RYAN TAYLOR | ||||||
| 1899 MONTE VISTA ST | FORT MYERS | FL | 33901 | CONSULTING | $184,553 | |
| BOOT HOLDINGS 2022 LLC | ||||||
| 597 BARNSLEY GARDENS ROAD | ADAIRSVILLE | GA | 30103 | CONFERENCES | $161,564 | |
| ACCENTURE LLP | ||||||
| 500 W MADISON | CHICAGO | IL | 60661 | IT CONSULTING | $159,937 | |
| AUTRY HALL & COOK LLP | ||||||
| 2100 E EXCHANGE PLACE STE 210 | TUCKER | GA | 30084 | LEGAL | $159,166 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SYSTEM OPER REV - OPC/GTC | 221000 | $61,149,379 | $61,149,379 |
| SHARED SERVS - OPC/GTC | 221000 | $30,477,010 | $30,477,010 |
| OPER REV - OTHER MEMBERS | 221000 | $254,101 | $254,101 |
| SHARED SERVS - OTHER MEM | 221000 | $166,684 | $166,684 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $92,047,174 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $261,167 | TotalRevenueColumnAmt |
| Exclusion | $261,167 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $92,308,341 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $92,047,174 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $261,167 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,218,492 | TotalAmt |
| Program Services | $5,218,492 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,842,538 | TotalAmt |
| Program Services | $36,842,538 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,667,948 | TotalAmt |
| Program Services | $12,667,948 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,906,934 | TotalAmt |
| Program Services | $2,906,934 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $397,407 | TotalAmt |
| Program Services | $397,407 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,206,426 | TotalAmt |
| Program Services | $7,206,426 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,646 | TotalAmt |
| Program Services | $119,646 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $293,709 | TotalAmt |
| Program Services | $293,709 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,361,593 | TotalAmt |
| Program Services | $8,361,593 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,182,103 | TotalAmt |
| Program Services | $5,182,103 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $359,866 | TotalAmt |
| Program Services | $359,866 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,151 | TotalAmt |
| Program Services | $247,151 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,709,188 | TotalAmt |
| Program Services | $1,709,188 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $371,673 | TotalAmt |
| Program Services | $371,673 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| CORPORATE ALLOCATIONS | $3,918,244 | $3,918,244 |
| POWER PRODUCTION COSTS | $3,246,316 | $3,246,316 |
| INVESTMENT IN OUTSIDE ORG | $1,717,290 | $1,717,290 |
| EQUIPMENT PURCH. / RENTAL | $1,541,817 | $1,541,817 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,308,341 | TotalAmt |
| Program Services | $92,308,341 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,532,979 | BOYAmt |
| EOY | $6,630,238 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,988,437 | BOYAmt |
| EOY | $5,275,306 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,550,730 | BOYAmt |
| EOY | $5,741,374 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $30,522,147 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,190,864 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,321,684 | BOYAmt |
| EOY | $13,331,283 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,643,321 | BOYAmt |
| EOY | $6,066,208 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,037,151 | BOYAmt |
| EOY | $37,044,409 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,590,405 | BOYAmt |
| EOY | $16,186,824 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,303,696 | BOYAmt |
| EOY | $10,993,252 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,901,030 | BOYAmt |
| EOY | $9,622,313 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,795,131 | BOYAmt |
| EOY | $36,802,389 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205 | BOYAmt |
| EOY | $205 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $241,815 | BOYAmt |
| EOY | $241,815 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,020 | BOYAmt |
| EOY | $242,020 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,037,151 | BOYAmt |
| EOY | $37,044,409 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,522,147 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,190,864 | DepreciationAmt |
| Book Value | $13,331,283 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,331,283 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| OTHER DEFERRED ASSETS | $4,338,647 |
| CONSTRUCTION WORK IN PROGRESS | $1,400,855 |
| SSIT EMC SERVICES PREPAID | $186,029 |
| OTHER INVESTMENTS | $140,677 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $6,066,208 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED COMPENSATION | $5,124,451 |
| RIGHT-OF-USE LEASE OBLIGATION | $4,318,757 |
| SSIT EMC SERVICES | $179,105 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,622,313 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $61,664,647 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $61,664,647 | RevenueSubtotalAmt |
| Other Revenues Not Included | $30,643,694 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $30,643,694 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $92,308,341 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $61,664,647 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $61,664,647 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $30,643,694 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $30,643,694 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $92,308,341 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | SHARED SERVICES 30,643,694 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | SHARED SERVICES 30,643,694 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount |
|---|---|---|---|---|---|---|
| GREGORY S FORD | ||||||
| PRESIDENT & CEO | $767,686 | $34,430 | $116,714 | $32,883 | $951,713 | |
| JEFF THOMPSON | ||||||
| VICE PRESIDENT | $393,835 | $74,760 | $71,628 | $46,815 | $587,038 | |
| NATHAN BROWN | ||||||
| EXECUTIVE VP, COO | $418,815 | $44,860 | $43,500 | $34,890 | $542,065 | |
| JOHN G SWEENEY JR | ||||||
| EXECUTIVE VP | $410,774 | $43,753 | $51,150 | $27,815 | $533,492 | |
| ALAN SIOBERG | ||||||
| VICE PRESIDENT | $335,476 | $22,087 | $43,500 | $42,266 | $443,329 | |
| HOMER GENTRY | ||||||
| VICE PRESIDENT | $338,307 | $37,587 | $43,500 | $21,969 | $441,363 | |
| RUSSELL TURNER | ||||||
| VICE PRESIDENT | $331,163 | $22,587 | $43,500 | $35,317 | $432,567 | |
| DAVID REVILL | ||||||
| VICE PRESIDENT | $344,723 | $20,015 | $43,500 | $16,670 | $424,908 | |
| LAURA COAKLEY | ||||||
| CONTROLLER | $233,486 | $7,035 | $43,500 | $29,945 | $368,157 | $54,191 |
| ROSEMARIE CAMPBELL | ||||||
| DIRECTOR-HUMAN RES. | $202,766 | $4,023 | $39,735 | $44,208 | $332,588 | $41,856 |
| MATTHEW GIBBONS | ||||||
| DIRECTOR-AUDIT&CON. | $209,570 | $1,690 | $40,031 | $39,117 | $328,867 | $38,459 |
| GARY JENKINS | ||||||
| VICE PRESIDENT | $186,820 | $11,191 | $35,793 | $41,822 | $321,410 | $45,784 |
| MICHAEL MONTGOMERY | ||||||
| DIRECTOR-ENERGY MGT | $192,698 | $14,286 | $26,302 | $31,876 | $301,531 | $36,369 |
| RALEIGH NOBLES | ||||||
| SENIOR VP | $214,088 | $13,990 | $46,449 | $10,312 | $300,615 | $15,776 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 4 | FormAndLineReferenceDesc |
| Explanation | GREGORY S. FORD 0 78,714 0 JEFF THOMPSON 0 28,128 0 NATHAN BROWN 0 22,375 0 JOHN G. SWEENEY, JR. 0 9,364 0 ALAN SIOBERG 0 9,924 0 HOMER GENTRY 0 10,740 0 RUSSELL TURNER 0 8,787 0 DAVID REVILL 0 10,741 0 LAURA COAKLEY 0 2,192 0 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 4 | THE CORPORATION'S BYLAWS WERE AMENDED EFFECTIVE MARCH 25, 2024. THE AMENDED BYLAWS ARE ATTACHED TO THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 6 | GEORGIA SYSTEM OPERATIONS CORPORATION (GSOC) IS A TAX EXEMPT 501(C)(4) ENTITY WHOSE MEMBERSHIP CONSISTS OF 39 EMC'S IN THE STATE OF GEORGIA, OGLETHORPE POWER CORPORATION(A GEORGIA ELECTRIC MEMBERSHIP CORPORATION NOT-FOR-PROFIT COOPERATIVE) AND GEORGIA TRANSMISSION CORPORATION (A TAX EXEMPT 501(C)(12) CORPORATION). |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE CORPORATION HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED BY ITS BYLAWS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE RETURN IS PREPARED EXTERNALLY BY A CPA AND WILL BE REVIEWED INTERNALLY BY THE CONTROLLER WHO IS ALSO A CPA. ONCE THE INTERNAL REVIEW IS COMPLETED, THE RETURN WILL THEN BE GIVEN TO THE GOVERNING BODY FOR REVIEW BEFORE THE RETURN IS FILED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | GEORGIA SYSTEM OPERATIONS CORPORATION MAINTAINS A CORPORATE POLICY THAT PROVIDES GUIDELINES AND STANDARDS TO EMPLOYEES AND BOARD MEMBERS OF GSOC TO AVOID CONFLICTS OF INTEREST OR THE APPEARANCE OF CONFLICTS OF INTEREST, SO THAT THE AFFAIRS OF GSOC MAY BE CARRIED OUT IN A BUSINESSLIKE AND ETHICAL MANNER. AT THE TIME OF HIRING, ALL EMPLOYEES ARE REQUIRED TO REVIEW THIS POLICY AND SIGN AN ACKNOWLEDGMENT FORM THAT THEY HAVE RECEIVED AND UNDERSTAND THE POLICY. THE DIRECTORS, OFFICERS AND ALL COMPANY EMPLOYEES ARE ASKED TO REVIEW THE POLICY ON AN ANNUAL BASIS AND TO SUBMIT CONFIRMATION THAT THE POLICY HAS BEEN UPDATED AND REVIEWED ANNUALLY. TO ENSURE CONTINUED COMPLIANCE WITH THIS POLICY, GSOC'S INTERNAL AUDIT GROUP CONDUCTS REGULAR AUDITS AND COORDINATES INFORMATION DISCLOSURE TO EMPLOYEES AND BOARD MEMBERS REQUIRING THESE INDIVIDUALS TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THE INTERNAL AUDIT GROUP REPORTS SUCH AUDIT FINDINGS TO THE AUDIT COMMITTEE ON AN ANNUAL BASIS. THE CONFLICT OF INTEREST POLICY IN INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 15A | GEORGIA SYSTEM OPERATIONS CORPORATION HAS A COMPENSATION COMMITTEE THAT IS A SUBSET OF THE BOARD OF DIRECTORS. GSOC'S CEO SALARY IS MARKET REVIEWED ANNUALLY AND SUBMITTED BY HUMAN RESOURCES TO THE COMMITTEE FOR APPROVAL. THE COMMITTEE WOULD THEN PRESENT THE SALARY INCREASE RECOMMENDATION TO THE BOARD OF DIRECTORS FOR FINAL APROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 15B | GEORGIA SYSTEM OPERATIONS CORPORATION HAS A COMPENSATION COMMITTEE THAT IS A SUBSET OF THE BOARD OF DIRECTORS. GSOC'S OFFICERS' SALARIES ARE MARKET REVIEWED ANNUALLY AND SUBMITTED BY HUMAN RESOURCES TO THE COMMITTEE FOR APPROVAL. THE COMMITTEE WOULD THEN PRESENT THE SALARY INCREASE RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GEORGIA SYSTEM OPERATIONS CORPORATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE INTERCOMPANY RETRIEVAL SYSTEM AND ARE AVAILABLE UPON REQUEST BY THE GENERAL PUBLIC. |
| FORM 990, PART XI, LINE 9 | SHARED SERVICES -30,643,694 SHARED SERVICES 30,643,694 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA NETWORK OPERATIONS COMPANY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 E EXCHANGE PLACE | AddressLine1Txt |
| City | TUCKER | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30084 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 821555793 | EIN |
| Primary Activities | COMM. | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GNOC | ||
| O | $18,000 | FMV |
| GNOC | ||
| S | $118,997 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | IN 2017, GSOC CREATED A WHOLLY-OWNED SUBSIDIARY, GEORGIA NETWORK OPERATIONS COMPANY, LLC (GNOC) TO SERVE AS A COMPETITIVE LOCAL EXCHANGE CARRIER AND INTEREXCHANGE PROVIDER. GNOC PROVIDES A MECHANISM FOR MEMBERS AND THIRD PARTIES TO USE GSOC AND GTC FIBER NETWORK CAPACITY IN EXCHANGE FOR RIGHTS OF USE IN THE MEMBERS AND THIRD PARTYS FIBER NETWORK SYSTEMS OR OTHER CONSIDERATION. GNOC REMITS 10%-15% TO GSOC RELATED TO THESE NEGOTIATED SERVICE AGREEMENTS WITH THIRD PARTIES. THE AMOUNT REMITTED TO GSOC TOTALED 118,997 IN 2023. SINCE GNOC HAS NO EMPLOYEES, GNOC HAS A MANAGEMENT AGREEMENT WITH GSOC. GNOC PAID GSOC 18,000 IN MANAGEMENT FEES IN 2023. | ExplanationTxt |